Manage third-party payments
Managing payroll deduction payments can be complex, with allocating payments to employees and third-party recipients such as PAYG tax, superannuation, health funds, insurance, child support, trade union fees and garnishees.
- Reduce your administration burden – ADP will handle exceptions and bank reconciliations
- Reduce the risk of non-compliance – ADP takes full responsibility for tax payments and penalties
- Reduce cost – any bank charges on payments to employees are likely to decrease
Add the pressure of tight timescales with little margin for error, and you also add in the chance of mistakes, delays, the risk of non-compliance and unhappy employees. This can expose your company to potential fines and penalties, as well as a disengaged workforce.
View the Electronic Payment Services (EPS) Product Information Guide. This document provides information about the EPS product other information that you may find useful in the future. ADP holds an Australian Financial Services License No. 312078 in relation to its EPS.